POLL: Will an L Train Shutdown Affect Real Estate Prices?
For the past couple weeks, not a day has gone by without some mumbling about the possible L train shutdown. On Friday, 6sqft shared an interactive graph from NeighborhoodX that shows which other neighborhoods offer commute times similar to the L train stops and how their rents compare. This led many to wonder how, if at all, the possible years-long service change could affect real estate prices. Will rents suddenly plummet or will they remain the same thanks to the neighborhood’s established popularity and the fact that the shutdown will have a foreseeable end date? Share your thoughts below.
